Demands on Gulf oil production set to increase

The Arabian Gulf region is central to the global oil supply system: in 2009 it produced on average 23.6 million barrels of oil per day, equivalent to 30 per cent of world production. With the fallout from the oil spill in the US Gulf of Mexico, the Arabian Gulf region’s central role is set to grow, according to Badr Jafar, the Executive Director of the UAE-based group Crescent Petroleum.